Vista Outdoor Inc. (VSTO) Rating Lowered to Hold at Zacks Investment Research

Vista Outdoor Inc. (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “

Several other research firms also recently commented on VSTO. Forward View set a $23.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a research report on Sunday, August 13th. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Cowen and Company reiterated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. Finally, DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Vista Outdoor has a consensus rating of “Hold” and an average target price of $29.86.

Vista Outdoor (NYSE VSTO) opened at 23.68 on Wednesday. The stock’s market cap is $1.35 billion. The firm has a 50 day moving average of $22.85 and a 200-day moving average of $21.70. Vista Outdoor has a 12-month low of $18.32 and a 12-month high of $41.29.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $569 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, analysts expect that Vista Outdoor will post $1.24 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://sportsperspectives.com/2017/08/18/vista-outdoor-inc-vsto-rating-lowered-to-hold-at-zacks-investment-research.html.

Institutional investors have recently made changes to their positions in the company. Investment Counselors of Maryland LLC increased its position in shares of Vista Outdoor by 165.1% in the first quarter. Investment Counselors of Maryland LLC now owns 674,880 shares of the company’s stock worth $13,896,000 after buying an additional 420,300 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Vista Outdoor by 1,128.7% in the first quarter. Russell Investments Group Ltd. now owns 37,057 shares of the company’s stock worth $764,000 after buying an additional 34,041 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Vista Outdoor by 888.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the company’s stock worth $9,163,000 after buying an additional 400,000 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Vista Outdoor by 256.5% in the first quarter. River Road Asset Management LLC now owns 680,840 shares of the company’s stock worth $14,018,000 after buying an additional 489,858 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of Vista Outdoor during the first quarter worth approximately $185,000. Institutional investors own 99.98% of the company’s stock.

Vista Outdoor Company Profile

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

Receive News & Ratings for Vista Outdoor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply